Long, Murphy & Zung, P.A.
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The Law Office of Long, Murphy & Zung, P.A. commits itself to providing unparalleled legal services in the practice of matrimonial and family law. To that end, our firm is inexorably committed to the highest ethical standards in amicably and equitably resolving family law disputes so that the welfare of the client, the family and society are enhanced.

complex asset division Archives

Handling the division of complex assets in your divorce case

When a partner first starts thinking about leaving his or her spouse, one of the first things thought about is how to divide up his and her belongings. Most commonly that involves deciding who's going to stay in the house, keep the cars or furniture and how they're going to split up the cash in the bank.

How an attorney can help with complex asset division

Every state has different laws when it comes to marriage and divorce. Florida law makes it an equitable distribution state. The courts will try to fairly split all marital assets during a divorce. However, if your marriage included a host of unusual assets, it can be difficult to determine what a fair division of property really is. The courts may look at a variety of factors when determining how to split up the assets acquired during your marriage. These could include custody of children, earning potential and any fault involved with the divorce itself, such as infidelity or physical abuse.

Quick guide to dividing your 401(k) during divorce

As you go through your divorce, it is easy to let the emotions overwhelm you. Despite the emotional hardships, it is necessary to make sound financial decisions about dividing property. If you have large and valuable retirement plans such as a 401(k), you must ensure that you handle them properly with your future in mind.

Why is Florida's divorce rate so high?

According to a recent report by the Census Bureau, Florida holds the seventh-highest divorce rate in the nation. Roughly 50,000 couples file for divorce each year. More than 15 percent of the state's residents are divorced or separated. Of the 50 U.S. cities with the highest divorce rates, 11 are in Florida.

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